Real Estate Investing

United States
April 21, 2012 3:04pm CST
I was curious to know if anyone on mylot knows about real estate investing. This is a new venture I am on for learning. I want to purchase houses and rent them out. I have never bought a house though.
2 responses
@tessa9 (1085)
• Philippines
22 Apr 12
My mother owns an apartment. In every business the most important thing that you should do is to know and research as much as you could about the business. Many people fail on go into debt because they get overwhelmed. Just talk to people who knows about it. My mother had to do all the paper works like the permit and sanitation and stuff. you also have do a background check on your tenants. There are lots more things involved than just buying a house and renting it out.
• United States
24 Apr 12
I think that is great advice. I have been listening to this man on the radio that is claiming to help with everything. I hope I can do it.
@CODYMAC (1356)
• San Diego, California
21 Apr 12
Hello, surveychick4. I wanted to do the same thing and decided to go to some seminars here in the Portland area. They actually have many agents who get together and help out those who want to invest, or become an agent. Just look online for some in your area and check out foreclosed homes. Sometimes you can get those cheap. But I suggest going to an agent and talking it over with them. They will be able to get your foot in the door... Have a great day.
• United States
24 Apr 12
Thank you for your advice, and let me know if you happen to learn anything that I might could use. We have a man down here in Memphis that has his own radio spot. He has been the one that has gotten me interested in this idea. He seems to know what he is talking about.